This article is taken from the Forex Journal, a special edition by Trader?s Journal magazine in Nov 2007. The author is Dr. Doug Hirschhorn, a regular contributor on CNBC, is recognized internationally as one
of the most influential and sought after Peak Performance Coaches in
the market today. Dr. Doug Hirschhorn?s clients include Deutsche Bank,
BNP Paribas, DWS Scudder as well as several other major world banks and
hedge funds Dr. Doug Hirschhorn discusses the effects of trading for revenge

This article is taken from the Forex Journal, a special edition by Trader?s Journal magazine in Nov 2007. The author is Dr. John Clayburg. A trading system developer and trader based in Western Iowa in the U.S.
More information on the Universal System and other self-adaptive
automated systems and indicators Have you ever considered using non-time based charts in your technical analysis? Dr. John Clayburg talks about the advantages and disadvantages of doing it: Daily bar charts have been part

* Bloodbath on Wall Street
* USD set to benefit as EUR shows cracks
* Commodities in the process of peaking
* RBNZ, BOJ and BOC rate decisions due

Stocks fell into the abyss this week as fears of a US recession mounted, even as US policymakers sought to assure markets they were intent on delivering both monetary and fiscal stimulus. To give you some historical context on the extent of declines, the S&P 500 is off to its worst annual start-ever. But equity market losses were hardly confined to the US, as all major global stock markets are now down between 8-12% YTD. In the midst of the rout in equity markets, the USD managed to hold up extremely well and is even poised to potentially break out to the upside in coming weeks, which is extraordinarily counter-intuitive to say the least. I think traders need to consider that we are currently dealing with a market that is responding much more to psychology than to fundamentals, and that always makes for difficult trading conditions.  Full text »

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This article is taken from the Forex Journal, a special edition by Trader?s Journal magazine in Nov 2007. The author isAndy Bushak. A full-time trader and seminar leader. Andy?s early career includedgraduation from the United States Naval Academy, five years in SurfaceWarfare, a stint as a professional football player and with Hewlett-Packard. He started trading full time with a handheld QuoTrek (theoriginal) and doing charts by hand. His method was simple: Elliott andFibonacci. Andy Bushak

This article is taken from the Forex Journal, a special edition by Trader?s Journal magazine in Nov 2007. The author is Toni Turner.  A popular speaker in the financial arena and the best-selling
author of A Beginner?s Guide to Day Trading Online and Short-term
Trading in the New Stock Market. Toni Turner discusses her market checklist designed to evaluate market conditions and two market set-ups for trading stocks. Using these tools as the foundation of a trading plan could greatly

This article is taken from the Forex Journal, a special edition by Trader?s Journal magazine in Nov 2007. The author is Carolyn Boroden, a commodity trading advisor and technical analyst specializing in Fibonacci time and price analysis. Her focus is on the ?synchronicity? or confluences of both price and time relationships that set up relatively low risk, high probability trading setups. Ms. Boroden has been involved in the trading industry since 1978. Carolyn Boroden shows how to use

This article is taken from the Forex Journal, a special edition by Trader?s Journal magazine in Nov 2007. The author is Darrell Jobman. He is Editor-in-Chief of www. TradingEducation.com, a web site providing free information and education to traders. He is an acknowledged authority on the financial markets and has been writing about them for more than 35 years. Darrell Jobman provides quality information about the benefits and pitfalls of trading foreign currencies: With the U.S. dollar under

2.1. What is a Forex Trading System? Forex trading system is the subsystem of the forex trading plan which controls when and at which price you open and close your trades. A trading system operates on the signals generated by technical analysis and/or fundamental analysis. The signals are processed to determine if the trader should buy or sell a particular currency pair or should close the existing position(s). Any currency trading system prevents information overload by filtering the universe

* Bernanke cements expectations for a 50 bp rate cut Jan. 30
* Rate cuts unlikely to stem fears of a US recession
* Slower China is hitting global growth expectations
* Inflation, housing data are keys next week
* Bernanke to testify before Congress on Jan. 17

The USD is finishing the week mixed against other major currencies, with gains against the JPY, GBP and CAD, but lower against EUR, CHF, AUD and NZD. US stock market declines continue to overshadow all other market developments, providing one reason why the USD remains relatively rangebound. Important developments in the past week were Fed Chairman Bernanke’s downbeat economic assessment and vows to take timely and decisive action to support the economy. His comments on Thursday effectively put a lock on a 50 bp rate cut to 3.75% on Jan. 30. However, stock market losses on Friday convinced traders that there was room for even steeper rate cuts, as Fed Fund futures began pricing in nearly 40% likelihood of a 75 bp. rate cut. Against this backdrop, the USD held up remarkably well, failing to extend losses against the EUR beyond the EUR/USD highs seen after the Dec. NFP report at 1.4825.  Full text »

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Over the past decades, attempts have been made by traders and researchers aiming to find a reliable method to predict next action of the securities. As a result we have a variety of different fundamental and technical analysis methods and many theories today that really work. For the first pace I want to discuss technical analysis which is very popular these days. Technical analysis is a common method to evaluating securities and determining the next direction of the price through using chart